PANews
PANews|Feb 18, 2026 12:56
[Saudi Arabia's Humain Company Invests $3 Billion in xAI] According to Jinshi reports, a statement reveals that Saudi Arabia-backed artificial intelligence company Humain has invested $3 billion in Elon Musk's AI startup xAI. The statement notes that Humain has become an 'important minority shareholder' in xAI through this investment, which coincidentally took place right before Musk's space exploration company SpaceX acquired xAI. The shares held by Humain will be converted into SpaceX shares. This investment strengthens the connection between Musk and Humain. The company was established last year with the goal of positioning Saudi Arabia as a global AI powerhouse. The two companies plan to develop a 500-megawatt data center in Saudi Arabia.
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